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What recession?


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http://www.dailymail...l-crisis-s.html

Top ten Chinese billionaires

Name Est. worth Industry

1 Wang Chuanfu $5.1bn Mobile phone parts, Batteries

2 Zhang Yin $4.9bn Paper

3 Xu Rongmao $4.7bn Property

4 Yang Huiyan & family $4.6bn Property

5 Huang Wei & Li Ping $4.4bn Property, Finance

6 Liu Yongxing $4.4bn Chemical industry

7 Lu Zhiqiang $4.4bn Property, Finance

8 Zhu Mengyi & family $4.4bn Property

9 Wang Jianlin $4.3bn Property, Hotel,

10 Liu Zhongtian $4.1bn Aluminium, Plastics

Property and development is still booming in east Asia. Just looking at the WSJ article from the other day also indicates their appetite for steel is still quit ravenous. The big issue here is two-fold: are they developing for the people's future or are we about to witness a great peasant uprising? And that brings about the energy issue too; which alone is scary but with a gilded society as theirs, revolution may not be as far fetched as it sounds. I guess we'll see in about a decade how or if a crisis this turns out to be. By then maybe load demands can be sorted through advances in battery technology along with other diversified energy sources.

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